RE/MAX Canada’s 2025 Spotlight on Luxury Report examined luxury real estate trends and developments in 12 major Canadian housing markets in the first two months of 2025 compared to the same period one year ago, and found that smaller markets with lower price thresholds experienced greater sales activity, while higher-priced markets saw a contraction in year-over-year sales.

Luxury Market Outlook & Trends

  • The rising trend of downsizing: Downsizing is ramping up among aging luxury buyers, as the number of people nearing or entering retirement or becoming empty nesters grows.
  • Multi-generational living: The trend is materializing at all price categories and the luxury market is no exception. Builders are taking note, with some incorporating secondary units or suites in new luxury builds, while more custom-build end users also design with secondary suites in mind.
  • Infill and new construction: This continues unabated in Edmonton, which recorded the most housing starts since 1990, as well as Saskatoon, Winnipeg, Hamilton, London, Moncton and Halifax. In Greater Toronto, builders have paused on speculation and end users are now hesitant to move forward as tariffs threaten to increase construction costs.
  • Outward moves: In half of all markets analyzed, peripheral areas outside the urban core were attracting more luxury buyers, as some look to stretch their dollar or seek larger lot sizes.

Regional Overview

Explore regional luxury insights across 12 major Canadian housing markets.

Leverage the Luxury Report Findings on Social

Download and share the various report graphics and reels on your social channels to keep clients informed on the latest trends in Canada’s luxury market.

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